Outcomes

In this lesson you will learn to...

  • 4.2.3 Explain how the stock market works.
  • 4.2.4 Gather and interpret information from the stock market tables.

Specific Curriculum Outcomes

  • Students will be expected to demonstrate an understanding of the various forms of business in Canada and how they function, including the following delineations:
    • Compare and contrast the following forms of business organizations in the Canadian market: sole proprietorships, partnerships, cooperatives, crown corporations.
    • Identify the three basic ways that firms finance operations (retained earnings, loans, etc), and explain the advantages and disadvantages of each.
    • Describe how economic institutions, such as labour unions, non-profit organizations, and cooperatives evolve in market economies to help individuals accomplish their goals.
  • Students will be expected to demonstrate an understanding of the function and role of the corporation, including the following delineations:
    • Define corporation.
    • Identify how a corporation raises capital (shares, bonds, loans, etc).
    • Explain how the stock market works.
    • Gather and interpret information from the stock market tables.
  • Students will be expected to demonstrate an understanding of the four market structures and their impact on competition, including the following delineations:
    • Identify the basic characteristics of the four market structures: monopoly, oligopoly, monopolistic competition, and pure competition.
    • Make inferences on how the various types of market structures impact consumers.
    • Explain how competition among many sellers lowers costs and prices.
    • Explain the role and relationship of cost, price, profit and revenue in the market.
    • Explain ways that firms engage in price and non-price competition.
    • Identity laws and regulations adopted in Canada to promote competition among firms.
    • Analyze the effect of competition in the national and global market.
    • Describe the benefits of natural monopolies (economies of scale) and the purposes of government regulation of these monopolies, such as utilities.
    • Describe the role of e-commerce in the market place.

Prerequisites

There is no prerequisite content for this lesson.